Resilience & Sustainability

Two main themes emerged this year: the need to focus more on resiliency and the industry's two-steps-forward-one-step-backward approach to innovation. 

Climate change, the rise of new ecosystems and operating models and more inclusive insurance are looming.

Managing catastrophe reinsurance claims is a big challenge for carriers. In particular, dealing with the “hours clause” can be baffling.

Comparing multiple data points and sources in one place is important with complex events like hurricanes, which involve wind, surge and flooding.

Insurers can look at the wildfire problem from the standpoint of the customer and find a series of ways—both big and small—to help.

More climate change-related claims means higher insurance costs and insurers becoming stricter about who even gets coverage.

If maps use outdated data, they may easily over- or underestimate flood hazard in areas that have experienced redevelopment.

Although it may seem that flood is just flood, fluvial, pluvial and storm surge--often in combination--cause different levels of damage.